New Home Sales Spike 14% In September

The video discusses the recent performance of the housing market, highlighting a significant increase in both median and average home prices over the past year. Despite supply chain shortages, demand remains high, indicating a robust market.

What was the median price of a new home in September?

By what percentage did the median price increase from a year ago?

What was the average sales price of homes mentioned in the text?

How much higher was the average sales price compared to a year ago?

What challenges are builders facing according to the text?